Shanda Hits All-Time Intraday High

Shanda Interactive (SNDA), a stock I've owned since 2004, just hit a new all-time intraday high at close to $46 per share. The last time it traded that high was late December 2004 and early January 2005. The stock has gone on a tear this year, up about 35%—similar to the mainland market, though they have not traded in tandem.

There's a lot of interest in Chinese internet gaming stocks, with Sohu.com's (SOHU) spin-off of Changyou (CYOU).

At least as of 1 PM, Shanda's 7% intraday move was not replicated by its competitors. The9 (NCTY) was down 6.62% as of this writing.

Update: Shanda closed at an all-time high. It finished the day up 5.7% to $45.07, on double the 3-month average volume.

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